BS Jury

 Chairman, LIC

 The policy has been very favourable for us as there has been no rate cut. This will ensure that the yields on government securities will increase and this is good for our investments.

 The only thing is that participation by non-banking institutions will decrease, making it difficult to find good avenues to park funds.

 The overnight call rate of 4.5 per cent was very attractive. Other avenues like inter-bank repo offers lower rates by 25 basis points.

 LIC used to participate on an average of Rs 800 crore to Rs 1,000 crore earlier in the call money market. This was brought down to Rs 600 crore to Rs 700 crore, and now will be lowered further by one-fifth.

 K V Kamath

 Managing Director & CEO, ICICI Bank

 The policy highlights the improved macroeconomic environment. The buoyant conditions also allow RBI to maintain its soft interest rate stance and take steps to enable the financial system to induce further economic growth and enhance internal efficiencies and structural strength.

 The focus on strengthening the credit delivery systems in the rural economy, infrastructure and small-scale industries can be achieved by introducing cost-effective and technology-based distribution networks.

 The RBI